**Summary**
Trainline PLC, the leading independent rail and coach travel platform, released a trading statement for the first half of its financial year 2026 (H1 FY2026), reporting robust performance and improved profitability guidance. Key highlights include
1. **Strong H1 FY2026 Performance**
Group net ticket sales rose 8% year-on-year (YoY) to £3.25 billion, driven by growth in UK Consumer (+8%), International Consumer (+2%), and Trainline Solutions (+18%).
Group revenue increased 2% YoY to £235 million, with UK Consumer revenue flat at £107 million, International Consumer revenue up 2% to £34 million, and Trainline Solutions revenue up 5% to £94 million.
2. **Improved Profitability Guidance**
Trainline reconfirmed FY2026 growth expectations for net ticket sales (+6% to +9%) and revenue (0% to +3%).
Adjusted EBITDA is now expected to grow at the top end of the previous guidance range (+6% to +9%), reflecting operating leverage and cost optimization.
3. **Enhanced Share Buyback Programme**
Trainline announced an additional £150 million share buyback programme, bringing the total to £350 million over three years. As of September 5, 2025, £71 million of the existing £75 million programme had been completed.
4. **Operational Highlights**
Rail liberalization in Europeparticularly in Southeast Francedrove significant growthwith Q2 sales up 34% YoY.
Trainline Solutions became a £1 billion sales business, supported by strong B2B distribution growth (+36% YoY).
5. **Upcoming Half-Year Results**
Trainline will publish its H1 FY2026 results on November 5, 2025, followed by an analyst presentation.
CEO Jody Ford emphasized Trainlines strong performance, the value of its platform in competitive markets, and its commitment to returning value to shareholders through the enhanced buyback programme.
**End of Summary.**